In the News

October 2017, Vol. 244, No. 10

BP Moves Forward with IPO for U.S. Pipeline Assets BP announced on Sept. 11 that BP Midstream Partners LP, a wholly owned, indirect subsidiary, filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The announcement comes after BP said in July it had begun evaluating the formation and IPO of a master limited partnership to enhance shareholder value and to support BP’s strategy to grow its midstream business. BP Midstream Partners expects the offering to occur in the fourth quarter, dependent on market conditions, and will trade…

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